Here we have the
ETHUSD
Pair, on the daily candlestick chart.
As you can see, the 50 EMA on this timeframe, which has previously acted as support has broken down.
Short term target should be the 100 EMA, which should also be the bottom of the BB. This should act as support at that time.
Farewell fellow traders, be kind to each other,
-Vanilladelphia.eth
ETHUSD
Pair, on the daily candlestick chart. As you can see, the 50 EMA on this timeframe, which has previously acted as support has broken down.
Short term target should be the 100 EMA, which should also be the bottom of the BB. This should act as support at that time.
Farewell fellow traders, be kind to each other,
-Vanilladelphia.eth
Order cancelled:
It looks as if for now, the 50EMA has been regained. I believe this idea is now invalidated.
Look to swap the position to a long, if price moves above 228-230. Still strong horizontal resistance at 230, so watch price action as we approach that level.
Look to swap the position to a long, if price moves above 228-230. Still strong horizontal resistance at 230, so watch price action as we approach that level.